CardinalOps Raises $17.5M in Series A Funding


CardinalOps, a Tel Aviv, Israel- and Boston, MA-based threat coverage optimization company, raised $17.5M in Series A funding.

The round was led by Viola Ventures, with participation from Battery Ventures, Glilot Capital, and Symbol, angel investors from the security industry. Danny Cohen, general partner at Viola Ventures, is joining the CardinalOps Board of Directors.

The company intends to use the funds to accelerate global expansion in go-to-market and product innovation activities.

Led by CEO Michael Mumcuoglu and newly added CMO and Vice President of Cyber Defense Strategy Phil Neray, CardinalOps provides AI-powered analytics solutions enabling organizations to stay ahead of constant change in adversary techniques and maximize their existing investments in SIEM/XDR. By continuously recommending the latest best practice detection rules and queries – mapped to MITRE ATT&CK and customized according to their risk-based priorities – the platform empowers detection engineering teams to close the riskiest threat coverage gaps that leave their organizations exposed.

By delivering AI-powered recommendations in the native query language of widely used security analytics solutions (such as Splunk, Sentinel, IBM QRadar, CrowdStrike, etc.), CardinalOps’ cloud-based platform does the job of skilled detection engineers with years of experience – which are currently in short supply – but faster and without the risk of human error.

Having launched in early 2021, the company protects some of the world’s largest and most complex organizations, including a Fortune 50 consumer products company; a top 10 U.S. law firm; a top 10 cable operator; and a leading MDR/MSSP.

The company’s advisory board includes Anton Chuvakin, recognized SIEM expert and former Gartner Research VP and Distinguished Analyst (now at Google Chronicle); Dan Burns, former Optiv CEO and founder of Accuvant (also an investor and board member); and Randy Watkins, CTO of Critical Start.